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EUR/USD

“U.S. Dollar Surges on Hot PCE Data: Forex Markets React to Inflation Beat and Fed Outlook”

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The U.S. dollar gained strength after the Core PCE Price Index exceeded expectations in April, signaling persistent inflation pressures. This raised bets the Federal Reserve will keep interest rates elevated longer, boosting demand for the greenback. EUR/USD and GBP/USD retreated amid diverging monetary policies, while the Dollar Index rose above 105.00. Traders remain focused on inflation data as a key driver of forex volatility going forward.

USD/JPY

USD/JPY Set to Surge Beyond Key Resistance as Diverging Policies Fuel Bullish Breakout—August 1, 2025 Forecast

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USD/JPY Analysis for August 1, 2025 by Christopher Lewis: Despite recent volatility and signs of short-term momentum slowing, the pair remains bullish amid the US Fed’s hawkish stance vs. Japan’s continued dovish policy. Watch key resistance at 160.00 and 161.50; supports sit at 157.50 and 155.00. Read full forecast at DailyForex. #Forex #USDJPY #TradingInsights

USD/CAD

USD/CAD Climbs to Two-Month High as USD Strength Outpaces Canadian Data Weakness

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USD/CAD has surged to a two-month peak near 1.3740, driven by broad US dollar strength and weaker Canadian CPI data that dampened hawkish Bank of Canada expectations. Slowing Canadian inflation, firmer US economic indicators, and softer oil prices have collectively shifted the fundamental outlook, favoring the USD. Watch for upcoming North American economic releases that may steer the next moves.

EUR/USD

Short-Term Reversal Risks Surface as EUR/USD and GBP/USD Show Signs of Weakening Momentum

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EUR/USD and GBP/USD have shown strong recent gains, but momentum indicators like RSI and MACD suggest short-term reversal risks. Both pairs face key resistance levels, with potential pullbacks expected despite supportive fundamental factors. Traders should watch for signs of weakening bullish momentum. Full analysis by Fiona Cincotta at Forex.com: https://www.forex.com/en-ca/news-and-analysis/eurusd-gbpusd-momentum-indicators-signal-short-term-reversal-risks/

USD/CAD

USD/CAD Surges Toward Key Resistance Amid Bullish Rally on Strong U.S. Economy

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USD/CAD is testing a key resistance level around 1.3400 amid sustained bullish momentum, supported by strong U.S. economic data and Fed hawkishness. Weaker Canadian growth and lower oil prices pressure the loonie, pushing the pair higher. Watch for a break above 1.3400 to target 1.3550, though RSI near 70 warns of possible short-term pullback. #Forex #USDCAD #MarketAnalysis

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